Scotiabank Issues Pessimistic Forecast for Camden Property Trust (NYSE:CPT) Stock Price

Camden Property Trust (NYSE:CPT) had its price objective cut by equities research analysts at Scotiabank from $132.00 to $130.00 in a research report issued on Thursday,Benzinga reports. The firm presently has a “sector perform” rating on the real estate investment trust’s stock. Scotiabank’s target price indicates a potential upside of 6.34% from the stock’s previous close.

A number of other brokerages have also weighed in on CPT. The Goldman Sachs Group assumed coverage on shares of Camden Property Trust in a research report on Wednesday, September 4th. They issued a “neutral” rating and a $139.00 target price on the stock. Deutsche Bank Aktiengesellschaft raised their price objective on Camden Property Trust from $90.00 to $115.00 and gave the company a “hold” rating in a report on Tuesday, September 10th. Stifel Nicolaus cut Camden Property Trust from a “buy” rating to a “hold” rating and upped their target price for the stock from $120.00 to $121.00 in a report on Wednesday. Truist Financial lifted their price target on Camden Property Trust from $122.00 to $133.00 and gave the company a “buy” rating in a research note on Monday, August 26th. Finally, Jefferies Financial Group started coverage on shares of Camden Property Trust in a report on Friday, October 11th. They issued a “hold” rating and a $123.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $122.50.

Camden Property Trust Price Performance

Camden Property Trust stock traded down $1.03 during midday trading on Thursday, reaching $122.25. The company’s stock had a trading volume of 198,281 shares, compared to its average volume of 987,372. The stock has a market cap of $13.04 billion, a PE ratio of 38.69, a price-to-earnings-growth ratio of 4.40 and a beta of 0.91. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.72. Camden Property Trust has a 52 week low of $86.50 and a 52 week high of $127.69. The business has a 50-day moving average price of $121.23 and a 200-day moving average price of $114.60.

Institutional Trading of Camden Property Trust

Several hedge funds have recently bought and sold shares of the business. Kings Path Partners LLC acquired a new position in shares of Camden Property Trust during the second quarter valued at about $33,000. Federated Hermes Inc. bought a new stake in Camden Property Trust during the 2nd quarter worth approximately $33,000. Family Firm Inc. bought a new position in shares of Camden Property Trust in the second quarter valued at approximately $39,000. Versant Capital Management Inc boosted its position in shares of Camden Property Trust by 2,187.5% during the second quarter. Versant Capital Management Inc now owns 366 shares of the real estate investment trust’s stock valued at $40,000 after buying an additional 350 shares during the last quarter. Finally, American Capital Advisory LLC grew its holdings in Camden Property Trust by 42.7% during the third quarter. American Capital Advisory LLC now owns 428 shares of the real estate investment trust’s stock worth $53,000 after buying an additional 128 shares in the last quarter. Institutional investors and hedge funds own 97.22% of the company’s stock.

Camden Property Trust Company Profile

Camden Property Trust, an S&P 500 Company, is a real estate company primarily engaged in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities. Camden owns and operates 172 properties containing 58,250 apartment homes across the United States.